Monday, June 6, 2016

Jun 6 - Cautiously bullish

Broke north out of its zone but with some reasons for caution.

-VIX was positive albeit with a reversal candle
-Very weak volume in SPY (but that has been happening recently)
-put call ratio plummeted to .74 (this is what causes the most concern for me)

That said, still long SPY w far dated Aug calls.

Energy had a strong day today and this bodes well.  So do other commodities like fertilizer and oil.

NYA ground out and up day.  Not pretty but trend is still up until otherwise.  We have had multiple sell signals on the hourly and they all have failed.  This is generally a bullish sign when the counter trend signals are failing.

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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

I have been stopped out twice in last few weeks trying to short GLD.  I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...